With uncertainty in the air, PSX suffers
The uncertainty that permeates the nation is continuing to take a toll on the Pakistan Stock Exchange (PSX).
In the early hours of Tuesday’s trading, the benchmark KSE-100 index dropped more than 1,000 points, to 112,935.
The situation persists in the stock market as bears ruled on Monday when the index initially rose by 1,100 points to 116,658 but later declined a great deal. The trade ended the day down 1,400 points, closing at 114,063.
According to analysts, the stalemate between India and Pakistan over the Pahalgam incident has investors on edge.
Following a period of steep fall brought on by elevated geopolitical concerns, the PSX moved to the positive zone earlier Friday.
The stock market saw an upward trend and closed at 115,469 points on the fifth and last trading day of the workweek.
